The Xiaomi 17 Ultra will reportedly launch as a Snapdragon 8 Elite Gen 5 camera flagship in December 2025. Months before the rumored release, reports detailing the rear camera details emerged, and they are conflicting.
The only producer that continues retailing Snapdragon 8 Elite Gen 5 flagships in China is Xiaomi, which is going to change shortly. The competitor companies of the company are increasingly declaring their next-gen flagships to be launched soon. Xiaomi itself is also likely to launch a new flagship camera phone that will be powered by this flagship Qualcomm SoC, the Xiaomi 17 Ultra.
According to latest news, the release date will be December 2025 in China, and, similar to the original, the Xiaomi 17 Ultra will receive an appropriate international debut (Chinese 256 GB 15 Ultra curr. $870.72 on TradingShenzhen). Even before the company makes any official declaration, the camera specifications of this new flagship have leaked, and the situation is already quite puzzling.
The source of one of the reports is one of the credible Weibo tipsters Digital Chat Station. The leaker reveals that the back will have four sensors, one will have a 200 MP camera, and three 50 MP cameras. Digital Chat Station gives hints that Xiaomi is developing two versions and it is an indication that the sensor configuration is similar between two versions.
According to some of the reports, including the one done by That_Kartikey, the Xiaomi 17 Ultra will have a triple camera setup on the rear with the 200 MP HPE periscope sensor. Interestingly, the quotation of another Weibo leak by Mr. @Devinarde is that the phone will include four sensors and three lenses.
Devinarde also writes that Xiaomi is implementing a conjoined sensor technology on the 17 Ultra, which will conjoin the Samsung HPE and a 50 MP JN5. Its optical zoom will be rated at 3x to 7x. The camera specifications have not yet come in clearly with certainty, and until this happens, it would be a good idea to take all these reports with a reasonable level of salt.

Source(s)
@Devinarde and @That_Kartikey on X, Digital Chat Station on Weibo (machine translated from Chinese